Start-up CrowdSec aims to rethink cybersecurity by creating a collaborative endpoint detection and response (EDR), empowering a novel strategy to combat hacking on a global scale: collaboration. This funding will allow the company to expand its community of users and contributors, enhance its functionality and recruit new talents to fuel its expansion.
CrowdSec’s team will grow to several dozen people within 18 months. Launched in December 2020, its solution has already been adopted in more than 90 countries, with a very rapid acceleration of the daily adoption rate. It has reported several hundred thousand IP addresses as dangerous.
“Every year, states, banks, businesses and institutions spend billions of dollars to protect themselves. They are nevertheless hacked by groups with much lesser means. This cyberwar is asymmetrically favorable to hackers, who benefit from time, use stolen resources and mainly open source software, and face increasingly fragmented and permeable perimeters (Cloud drives, SaaS, VMs, containers, VPNs, etc.). Our goal is to rebalance the cybersecurity game by creating innovative, free and collaborative software in order to fight, together, hacking on a global scale,” said Philippe Humeau, CEO and co-founder, CrowdSec.